U.S. Demand to Slowly Creep Up

11:07 AM MST | November 10, 2008 | Lindsey Bewley

U.S. demand for lubricants is predicted to increase to about 1%/year to 2.5 billion gals by 2012, says a recent report by The Freedonia Group (Cleveland). Total market value for lubricants will approach $17 billion, an increase of more than 4%/year from 2007, Freedonia says. Luetkens: ‘Green’ must be viable. Growth in the manufacturing sector is expected to fuel demand for industrial lubricants, including process oils, hydraulic fluids and greases, while increasing motor vehicle ownership will boost demand for engine oils, Freedonia says...